Entrewealth LLC Takes $263,000 Position in Walmart Inc. (NYSE:WMT)

Entrewealth LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 2,911 shares of the retailer’s stock, valued at approximately $263,000.

Other institutional investors have also recently made changes to their positions in the company. Brophy Wealth Management LLC purchased a new stake in Walmart during the 3rd quarter worth approximately $2,072,000. Candriam S.C.A. grew its stake in shares of Walmart by 209.7% in the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock worth $79,960,000 after acquiring an additional 599,257 shares in the last quarter. Bank of New Hampshire raised its holdings in Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after acquiring an additional 5,786 shares in the last quarter. Modera Wealth Management LLC lifted its position in shares of Walmart by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock worth $18,355,000 after purchasing an additional 9,292 shares during the last quarter. Finally, Iowa State Bank increased its holdings in shares of Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after acquiring an additional 18,263 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on WMT shares. Guggenheim restated a “buy” rating and issued a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. Morgan Stanley reissued an “overweight” rating and set a $115.00 price target (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. Evercore ISI lowered their price target on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Barclays reaffirmed an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. Finally, Roth Mkm restated a “buy” rating and set a $108.00 target price (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $103.20.

Insider Transactions at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the sale, the executive vice president now directly owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the sale, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,777 shares of company stock worth $17,657,316 over the last ninety days. 45.58% of the stock is owned by insiders.

Walmart Trading Up 2.6 %

Shares of Walmart stock opened at $87.54 on Tuesday. The business has a fifty day simple moving average of $95.67 and a two-hundred day simple moving average of $88.88. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The company has a market capitalization of $703.21 billion, a price-to-earnings ratio of 36.32, a P/E/G ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.07%. Walmart’s payout ratio is 39.00%.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.